0001628280-23-004655.txt : 20230222
0001628280-23-004655.hdr.sgml : 20230222
20230222204820
ACCESSION NUMBER: 0001628280-23-004655
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230217
FILED AS OF DATE: 20230222
DATE AS OF CHANGE: 20230222
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kim John C.
CENTRAL INDEX KEY: 0001868479
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39516
FILM NUMBER: 23655619
MAIL ADDRESS:
STREET 1: C/O OWLET, INC.
STREET 2: 2500 EXECUTIVE PARKWAY, SUITE 500
CITY: LEHI
STATE: UT
ZIP: 84043
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Owlet, Inc.
CENTRAL INDEX KEY: 0001816708
STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1999 AVENUE OF THE STARS
STREET 2: SUITE 2088
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 424-208-8488
MAIL ADDRESS:
STREET 1: 1999 AVENUE OF THE STARS
STREET 2: SUITE 2088
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
FORMER COMPANY:
FORMER CONFORMED NAME: Sandbridge Acquisition Corp
DATE OF NAME CHANGE: 20200702
4
1
wf-form4_167711688338172.xml
FORM 4
X0306
4
2023-02-17
0
0001816708
Owlet, Inc.
OWLT
0001868479
Kim John C.
C/O OWLET, INC.
3300 NORTH ASHTON BOULEVARD, SUITE 300
LEHI
UT
84043
1
0
0
0
Series A Convertible Preferred Stock
1000.0
2023-02-17
4
P
0
500
1000
A
2023-02-17
Common Stock
1020408.0
500
D
Warrants (Right to Purchase Shares of Common Stock)
0.333
2023-02-17
4
P
0
1836734
A
2023-02-17
2028-02-17
Common Stock
1836734.0
1836734
D
The Series A Convertible Preferred Stock is convertible into shares of Class A common stock, par value $0.0001 per share (the "Common Stock"), of Owlet, Inc. (the "Company"). The conversion rate shall initially be 2,040.8163 shares of Common Stock per each share of Series A Convertible Preferred Stock, subject to adjustment from time to time pursuant to the terms and conditions of the Investment Agreement, dated February 17, 2023, by and among the Company and Mr. Kim, amongst others.
The Series A Convertible Preferred Stock does not have an expiration date.
As set forth in the Warrant to Purchase Shares of Common Stock of Owlet, Inc., dated February 17, 2023, by the Company and Mr. Kim (the "Warrant"), the exercise price and the number of shares of the Company's Common Stock issuable upon exercise are subject to adjustment upon the occurrence of certain events. As such, the exercise price and the number of shares of Common Stock issuable upon exercise as reported on this Form 4 are subject to change upon the occurrence of future events in accordance with the terms of the Warrant.
/s/ Heidi M. Krings, Attorney-in-Fact
2023-02-22